Dollar General Jumps Most on Record After Raising Forecast (4)

Dollar General Corp. surged after increasing its annual guidance, helped by luring more higher-income shoppers looking for deals. The discount chain also said it expects to mitigate a significant amount of the tariffs currently in place.

The company sees same-store sales gaining as much as 2.5% this fiscal year, up from guidance in March calling for an increase as high as 2.2%. The retailer also nudged up expectations for earnings per share.

Shares of Dollar General closed Tuesday with a record gain of 16%. The stock has jumped 48% this year.

“Our core customer remains financially constrained,” Chief Executive Officer ...